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In August 2022, Singaporean Liu Kuei Liang forged his mom's signature on sales agreements, court documents seen by Business Insider show. He pleaded guilty to forgery in a Singaporean court, and on March 22 was given a 12-week prison sentence. But on August 16 that year, Liu's mother alerted the police, and he was charged with forgery. In court, Liu's defense attorneys said his mom had offered him the use of her cars "as and when required." AdvertisementThey also pointed to the fact that as the case moved forward, Liu's mom forgave her son, the case summary says.
Persons: Royce, Liu Kuei Liang, , Liu, Autoart, Brenda Chua, Liu's, Chau Organizations: Service, Business, Royce Locations: Autoart Singapore, Taiwan
TikTok: Is it really Chinese?
  + stars: | 2024-03-18 | by ( Laura He | ) edition.cnn.com   time to read: +8 min
Is TikTok Chinese? In March 2023, CEO Chew was repeatedly pressed by US lawmakers on whether TikTok was Chinese. According to TikTok’s own website, its subsidiaries around the world are all structured under Bytedance Ltd.Is ByteDance Chinese? At last year’s congressional hearing, Chew didn’t directly answer any questions about whether ByteDance is a Chinese company either. That means the Chinese government now owns 1% of Beijing Douyin Information Service, which is the domestic Chinese unit of Bytedance.
Persons: TikTok, Shou Chew, Trump, Chew, Jose Luis Magana, Musical.ly, TikTok’s, ByteDance, Zhang Yiming, Liang Rubo, Zhang, Liang, Jinri, Chew didn’t, Shannon Stapleton, Zhang Fuping, Xi Jinping, Wu Shugang, Shu Yuting Organizations: Hong Kong CNN, TikTok LLC, TikTok Ltd, ByteDance Ltd, Bytedance Ltd, Tianjin’s Nankai University, ByteDance, Carlyle Group, General Atlantic, Susquehanna International Group, Reuters, Communist, Cyberspace Administration, Beijing Douyin Information Service, Chinese Communist Party, National Intelligence Law, Commerce Ministry Locations: China, Hong Kong, United States, Beijing, California, Los Angles, Singapore, Delaware, Culver City , California, Cayman Islands, Shanghai, Chinese, TikTok
Similar posts suggesting dating apps as a way to find jobs are not uncommon on Chinese social media. "By using dating apps, we can reach more people," Liang said. But with dating apps, you hang out with strangers for a couple of hours and they can already provide you with tons of their personal information." "I cannot believe people would even go on dating apps to find jobs," read one comment on Weibo, China's equivalent of X. Tinder users in China "are already very selective because the vast majority of users were pursuing degrees overseas," Zeng said.
Persons: Liang, Geng, Tinder, Romy Liu, Liu, Zoey Zeng, Zeng Organizations: NBC News Locations: Huaibei, East China's Anhui, China, Weibo, Hangzhou, Paris, France
Chinese young people are using Tinder to find jobs amid high unemployment. US users are also turning to dating apps like Grindr for career networking. Related stories"By using dating apps, we can reach more people," Shanghai student Jade Liang told NBC News. AdvertisementTinder is also not keen on prospective job applicants using the app to find a job and, in fact, it's against the app's community guidelines. It's not just Chinese users who have turned to dating apps to find jobs or advance their careers.
Persons: , Jade Liang, Romy Liu, Liu, Tinder, It's, Grindr Organizations: NBC, Service, of Labor, NBC News, Business Locations: China, Covid, Shanghai
A recent study published in the American Educational Research Journal found that engineering and computer science majors provide the highest returns in lifetime earnings, followed by business, health and math and science majors. Education and humanities and arts majors had the lowest returns of the 10 fields of study considered. "However, there are significant differences across college majors." Overall, the researchers found that the benefits of higher education have held up, even as enrollment has declined and the labor market outcomes for those without a college degree have improved, Zhang said. For workers with a bachelor's degree, education was the lowest-earning field of study, followed by psychology and social work and the arts.
Persons: Liang Zhang, Zhang Organizations: Georgetown University Center, Education, Workforce, Federal Reserve Bank of New, American Educational Research, NYU Steinhardt School of Culture , Education, Human Development, Finance, Ivy League, Georgetown Center, Center Locations: Federal Reserve Bank of New York
Edgar Su | ReutersBEIJING — China is set this week to kick off its annual parliamentary meetings, which investors are watching closely for signals on economic stimulus. China's economic policy is typically set at an annual meeting in December by leaders within the ruling Communist Party of China. GDP and other economic targetsThe Chinese People's Political Consultative Conference, an advisory body, is set to kick off its annual meeting on Monday. "On balance, the additional fiscal impulse this year, assuming a bazooka-like fiscal package is not forthcoming, is unlikely to be particularly large." China's foreign minister and premier typically hold press conferences during the parliamentary meetings, which generally end in mid-March.
Persons: Edgar Su, Wang Jun, Wang, Zong Liang, Louise Loo, Loo, Goldman Sachs, Bank of China's Zong Organizations: of, Initiative, Reuters, Huatai Asset Management, CNBC, Communist Party of China, U.S, Political Consultative Conference, National People's, Oxford Economics, Industry, Information Technology, Science, Technology, Housing, Bank of, Communist Party's, Communist Party of Locations: Beijing, China, Reuters BEIJING, U.S . Federal, RMB3.8tn, Bank of China's
CNN —Images of a rhino in captivity, a Slovakian spa facility and a German finger wrestling champion are among the finalists and shortlisted entries in the prestigious Sony World Photography Awards 2024. The World Photography Awards organizes several different competitions each year, including youth and student prizes, with its national and regional winners unveiled last month. Liang Chen/Sony World Photography AwardsA photo by Angelika Jakob shows Josef Utzschneider, light heavyweight champion in the German finger wrestling championship. Angelika Jakob/Sony World Photography AwardsAn image by James Rokop, official photographer for the USA Artistic Swimming team. Helen McLain/Sony World Photography AwardsHaider Khan documented two rhinos in captivity in Germany and India.
Persons: Monica Allende, Karol Pałka, Nick Ng, Sujata Setia, Diana, Nygren, Diana Cheren Nygren, Brent Stirton, Jens Juul's, Jens Juul, Maurizio Di Pietro's, Maurizio Di Pietro, Katie Orlinksy's, Katie Orlinsky, Eddo Hartmann, Ekrem Sahin, Angelika Kollin's, Angelika Kollin, Adali Schell, Liang Chen, Angelika Jakob, Josef Utzschneider, James Rokop, Beth Galton, Helen McLain, Haider Khan Organizations: CNN, Sony, London’s Somerset House, World, Soviet Union, USA Locations: Slovakian, German, London’s, Uganda, Nairobi, Kenya, Roskilde, Denmark, Anaktuvuk, Kazakhstan, Soviet, Guangdong province, Germany, India
AdvertisementThe think-tank said it calculated child-raising costs in China using 2023 data from the National Bureau of Statistics. AdvertisementIn total, raising a child until they are 18 costs Chinese families an average of 538,312 yuan, or about $73,000, Yuwa said. Middle-income families in the US are projected to spend $233,610 raising a child until they are 18, per the USDA. AdvertisementNotably, the average cost of raising a child in China fell slightly compared to Yuwa's 2022 report on the same topic. The think-tank said data from 2019 showed that the average cost was $76,000, or about seven times the country's GDP per capita at the time.
Persons: , Liang Jianzhang, Huang Wenzheng, Yafu, Yuwa's, Yuwa Organizations: Service, Business, National Bureau of Statistics, Department of, Ministry of Health and Welfare Locations: China, Japan, Beijing, South Korea, Shanghai
So, what if AI avatars that act and talk like employees could be present in the (virtual) room on their behalf? Liang expects Otter's AI work persona will be able to answer 90% of the questions it's asked during meetings, he said. But the road to building trustworthy AI avatars is riddled with technical and social obstacles. "It needs to have the knowledge and emotional intelligence to participate in a productive way," Liang said about the AI. AdvertisementOtter itself launched a new feature this month where multiple people can ask an AI chatbot specific questions about meetings it's recorded.
Persons: Sam Liang, Otter, , Liang, it's, they'll, Elon Musk, Kendall Jenner, Tom Brady, togethers, they're Organizations: Business, Workers
In this photo illustration, a person is seen holding 100, 50, and 5 US dollar bills in his hand. The U.S. dollar was trading in a tight range on Thursday as traders digested less dovish remarks from policymakers overnight and looked ahead to fresh economic data from the United States. Attention was also on inflation data out of China in the Asian morning amid concerns about deflation in the world's second-largest economy. Forecasts suggest mixed signals, with year-on-year consumer price deflation expected to have intensified in January but month-over-month prices up at the fastest pace in a year. The offshore Chinese yuan was down 0.11% to $7.2036 per dollar ahead of the data.
Persons: Susan Collins, Tony Sycamore, Sterling, Wei Liang Chang Organizations: U.S, Boston, Traders, IG, Bank of, DBS Locations: United States, China, Asia
China's Bytedance says Zhang Nan resigns as Douyin Group's CEO
  + stars: | 2024-02-07 | by ( ) www.cnbc.com   time to read: +1 min
On Wednesday, Bytedance, the owner of TikTok, announced the resignation of Zhang Nan from the position of CEO of Douyin Group, the sister app of the popular short video platform in China. TikTok owner Bytedance said on Wednesday that Zhang Nan has resigned as the CEO of Douyin Group, the popular short video platform's sister app in China. Zhang posted on her personal social media account on WeChat that she was resigning from the position, in a move confirmed by ByteDance. Zhang, who has worked at ByteDance for 10 years, has been a core leader for the company and helped grow Douyin into the leading short video platform and one of biggest apps in China. She reported to ByteDance's CEO Liang Rubo in her position as head of Douyin Group.
Persons: Zhang Nan, Bytedance, Zhang, ByteDance, Liang Rubo Organizations: Douyin Group, ByteDance Locations: Bytedance, China, ByteDance
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed doesn't need to be in a rush to cut rates, JPMorgan Asset Management saysJonathan Liang, Asia ex-Japan head of fixed income investment specialists at JPMorgan Asset Management, says that's "because the economy is so robust. Why risk … causing inflation to reaccelerate?"
Persons: Jonathan Liang Organizations: JPMorgan Asset Management, Asset Management Locations: Asia, Japan
On Wednesday night, more than 400 people flowed in and out of Sandy Liang’s Lunar New Year party held at Boom, the venue at the top of the Standard High Line Hotel. Some guests wore bright red, to symbolize good luck, but many were in looks adorned with bows and ballet flats, emblems associated with Ms. Liang’s playfully nostalgic namesake fashion brand. The evening was an early celebration of the Lunar New Year, which starts on Feb. 10; Ms. Liang grew up observing the holiday with her family in Queens. This is her second year hosting the event with the chef Danny Bowien, and she hopes her friends will embrace the holiday. “Maybe they’ll start their own traditions,” she said.
Persons: Sandy Liang’s, Liang’s, Liang, Danny Bowien, Locations: Queens
Dollar keeps tight ranges ahead of Fed, jobs data
  + stars: | 2024-01-30 | by ( ) www.cnbc.com   time to read: +3 min
A Chinese 100 yuan banknote, a 1 U.S. dollar bill and a 50 euro banknote are lying on a table. The dollar was steady in the Asian morning, with market participants moving cautiously ahead of the two-day FOMC meeting that kicks off on Tuesday. "I suspect that the FOMC meeting will not be as dovish as current market pricing suggests," said Matt Simpson, senior market analyst at City Index. The data will give another indication of whether the world's largest economy remains strong after the Fed's aggressive hiking campaign. Sterling was last trading at $1.2716, holding firm ahead of the Bank of England's monetary policy meeting this week.
Persons: Jerome Powell, Matt Simpson, hasn't, Sterling, Wei Liang Chang Organizations: U.S . Department of Labor, U.S ., Central Bank, Bank, DBS, Fed Locations: U.S
Obtaining high status was likely as easy for men in the Tang Dynasty as for men in the modern US, a study suggests. It found that social mobility for men at the time could be compared to that of the 1960s in the US. AdvertisementMen in medieval China could gain high status in society as easily as male Baby Boomers in the US, according to a new study released on Thursday. Women, however, were unlikely to be part of the Chinese bureaucracy, and few would have taken the imperial exam, Hout said. But I wouldn't see a farmer's kid being able to pass the exam," Hout said.
Persons: , Michael Hout, Hout, Du Zhong Liang, Wu Zetian, It's, they're Organizations: Service, Boomers, National Academy of Sciences, New York University, Business, National Library of China Locations: China, Tang, Europe
Super Micro Computer , one of the best-performing tech stocks of the past few years, soared more than 30% on Friday to a record, after the maker of data center hardware issued preliminary financial results that exceeded estimates. The uplifting numbers follow a 246% pop in Super Micro's stock last year and a jump of 87% in 2022. Super Micro manufactures computers and sells them to companies, which use them as servers for websites, data storage and applications like artificial intelligence algorithms. Super Micro shares were up 32% to $411.14 as of early Friday afternoon. WATCH: CNBC interview with Super Micro CEO Charles Liang
Persons: Charles Liang Organizations: Micro, Super Micro, Wedbush Securities, CNBC, Super
Most hawkers collect their ice cream and dry ice from wholesale distributors around the country. Lester Ledesma for Business InsiderLiang is one of Singapore's remaining traditional ice cream sellers and part of a bygone era. Buying one from one of Singapore's "ice cream uncles" is almost a right of passage. But Liang, Tan, and many other traditional ice cream sellers in the country find themselves working well into their golden years. In addition to the ice cream cart, the ice cream hawkers often also use big cooler boxes for additional storage.
Persons: hawking, , Liang, Lester Ledesma, Insider Liang, Kenneth Goh, Chip Guan Heng, Goh, Koh Poh Koon, That's, Koh, Tan Ah Hock, He's, " Tan, Tan, There's, Wang, she's, Chan Yong Leng, Chan, TikTok, Darren Tan, it's Organizations: Service, Business, Insider, Singapore Food Agency, SFA, Social Service Office Locations: Singapore, Orchard
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrong demand from Chinese citizens to travel to rural China, says Trip.comTrip.com Group CEO Jane Sun and co-founder James Liang discuss why the company is developing tourism in rural China.
Persons: Trip.com, Jane Sun, James Liang Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe could have developed our international business earlier, says Trip.com co-founderJames Liang, co-founder and chairman of Trip.com Group, shares one piece of advice he would have given his younger self while building the online travel platform.
Persons: Trip.com, James Liang Organizations: Trip.com
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Persons: Dow Jones
A Philippine supply boat sails near a Chinese Coast Guard ship during a resupply mission for Filipino troops stationed at a grounded warship in the South China Sea, October 4, 2023. REUTERS/Adrian Portugal/File Photo Acquire Licensing RightsWASHINGTON, Nov 3 (Reuters) - The United States and China held "candid" talks on maritime issues on Friday, including on the contested South China Sea, and the U.S. side underscored its concerns about "dangerous and unlawful" Chinese actions there, the U.S. State Department said. It described the talks as "substantive, constructive, and candid" and said they covered a range of maritime issues, including the South China Sea and East China Sea, which are contested by China and other nations. "The United States underscored concerns with the PRC's dangerous and unlawful actions in the South China Sea," it said, referring to the People's Republic of China. A State Department spokesperson said the U.S. Assistant Secretary for Arms Control Mallory Stewart would host Sun Xiaobo, head of the arms-control department at China's Foreign Ministry, at the State Department next week.
Persons: Adrian Portugal, Mark Lambert, Ocean Affairs Hong Liang, Joe Biden, Xi Jinping, Wang Yi, Mallory Stewart, Sun Xiaobo, Biden, Xi, David Brunnstrom, Sandra Maler, David Gregorio Our Organizations: Coast Guard, REUTERS, Rights, U.S . State Department, Ocean Affairs Hong, State Department, APEC, U.S ., U.S, Arms, Sun, China's Foreign Ministry, Biden, Thomson Locations: Philippine, South China, United States, China, U.S, Beijing, Boundary, San Francisco, The U.S, South, East China, People's Republic of China, Washington
The Embrace incubator resembles a sleeping bag, but for a baby. Seen here is a nurse at Sumy Perinatal center secures an infant into an Embrace incubator. Not just warsDr. Leah Seaman has been using Embrace incubators for three years in Zambia. Ambulance midwives after being trained in how to use the Embrace incubators at the Kapiri Mposhi District Hospital in Zambia in 2022. “Last year we had 800 babies through the ward and maybe half of them used the Embrace incubator,” said Seaman.
Persons: Jane Chen, Chen, that’s, It’s, , She’s, Veronica Gillispie, Bell, Halyna, ” Masiura, , Khan Younis, Mohammed Salem, “ We’re, Said Chen, Linus Liang, , Sudhanva Atri, Liang, Leah Seaman, Seaman, Leah Seaman “, we’ve, haven’t, We’ve, ” Seaman Organizations: New, CNN, Embrace, UN Population Fund, UNICEF, Ochsner Health, Healthcare, Embrace Global, Israel Defense Forces, Reuters, Stanford University, Global Locations: Israel, Gaza, San Francisco , California, Ukraine, Russia, Turkey, Syria, New Orleans , Louisiana, Odesa, Sumy Regional, Northeastern Ukraine, Sumy, Palestinian, Karnataka, India, Asia, Africa, Zambia, Mposhi, Central Province
In China, Chest-Thumping Nationalistic Films Lose Momentum
  + stars: | 2023-10-22 | by ( Rachel Liang | ) www.wsj.com   time to read: 1 min
‘The Battle at Lake Changjin,’ advertised on the poster, was a victory for Chinese cinema. Photo: Getty ImagesIn recent years, a spate of chest-thumping Chinese movies has grown more prominent at the Asian country’s box office, elbowing out Hollywood with patriotic fare playing to an increasingly nationalistic audience. Now, there are signs that fatigue is starting to set in because of a lack of novelty.
Persons: , elbowing Locations: Lake Changjin
AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken June 23, 2023. “It is clear over the last three years that transparency is on the decline while capability is going through the roof," said Stanford professor Percy Liang, a researcher behind the Foundation Model Transparency Index. Foundation models are AI systems trained on massive datasets that can perform a variety of tasks from writing to coding. The index’s authors hope that the report will encourage companies to increase their foundation model transparency, and also serve as a starting point for governments grappling with how to regulate the burgeoning field. The index is a project from the Stanford Institute for Human-Centered Artificial Intelligence’s Center for Research on Foundation Models.
Persons: Dado Ruvic, Percy Liang, Amazon’s, OpenAI’s, Anna Tong, David Gregorio Our Organizations: REUTERS, Stanford University, Google, Stanford, Microsoft, Stanford Institute for, for Research, Thomson Locations: San Francisco
Russia’s Vladimir Putin, whose on-going assault on Ukraine is another major point of global instability and division, is expected to attend. The last time he was in Beijing was for the Winter Olympics opening ceremony in early 2022. Winning backing for China’s global leadership from a broad swath of developing and emerging economies is key to Xi’s strategy to push back against perceived international threats, analysts say. Overseas development finance from China’s two major development banks has also decreased significantly since a peak in 2016, the report’s data show. Ten years on, Chinese decision makers are becoming “more selective and more calculating” about the benefits of their financing, she said.
Persons: Xi Jinping, laud China’s, , weren’t, Russia’s Vladimir Putin, , Craig Singleton, , Kenya . Han Xu, Li Mingjiang, ” Jonathan Fulton, Luiz Inacio Lula da Silva, Cyril Ramaphosa, Narendra Modi, Sergei Lavrov, Alet Pretorius, ” It’s, Liang, Yun Sun Organizations: CNN, Global, Initiative, Foundation for Defense, Democracies, Getty, Communist Party, Hamas, Singapore’s Nanyang Technological University, Officials, Atlantic Council, Indian, Russia's, Boston University Global Development, Center, World Bank, Overseas, China’s National, Reform, China Program, Stimson Locations: China, Beijing, United States, Israel, Gaza, Ukraine, Ukraine’s, Washington, Kenya ., Xinhua, Russia, Moscow, China’s, Abu Dhabi, Fulton, Johannesburg, New Delhi, saddling
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